Mastiff (USD) shows signs of a major rally, with predictions pointing towards a target of $ 2.43. Bigmike7335 (@Michael_EwPro) on X shared an analysis of the Elliott waves which paints a bullish future for the same piece. His theory indicates that the markets move in predictable models, and the Dogecoin model seems powerful bull from $ 0.0020 to $ 0.68.
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After hitting this top, Dogecoin did not just crash; He settled in what is called a consolidation phase. This is when the price moves to the side – no big tops or stockings, just on a cruise. This phase is like calm before the storm in terms of trading, being set up for the next price.
At the end of 2024, Dogecoin crossed a trend line that held him since his peak in 2021. This is a big problem – this means that Dogecoin could have ended his consolidation phase and could be preparing for another sprint price.
The Federal Reserve fuels the Crypto momentum
In the midst of these technical signals, the wider economic backdrop plays an important role. The advice of the Federal Reserve to release the interest rate increases could soften the pot for more risky assets such as cryptocurrencies. Lower interest rate Generally making investors more adventurous, tilting them towards dynamic markets such as crypto, where potential issues and rewards are higher.
Currently at a price of $ 0.2542Dogecoin shows the first signs of an ascending trajectory. If he can exceed the threshold of $ 0.26, he could simply go back on the way to reach the $ 2.43 planned.
